New Delhi: The budget for the financial year 2021 is expected to be centred around Covid-19 pandemic. Even as the nation has successfully launched the covid-19 vaccination drive, the fear against the dreaded disease is still far from over. The recent unprecedented times saw people realising the need of investments in health sector. Therefore, the government could increase the health tax from the current 1 per cent of income in Budget 2021.
While the government has promised free vaccination to all the residents of the country, it would be interesting to see what plans Budget 2021 would have for future as a majority of the population is yet to be vaccinated.
After covid-19, people have also put health care and health insurance in their priority list. With job losses and economy stooping all time low, the year 2020 saw people realising need of savings. Therefore, the health sector would expect more than ever from Budget 2021.
Meanwhile, health experts are hoping that like DD and other serious diseases, covid-19 will also have tax deduction benefit up to 40 thousand rupees per year under 80 DDB. Apart from this, there may be a provision in the budget for the construction of new hospitals, increase of medical staff and investigation and other high-tech medical equipment.
India started its vaccination drive against covid-19 on January 16 with two approved vaccines. In the first phase, the country is inoculating health care and frontline workers.